FedEx Stock Sinks as Analysts Cut Price Targets After Shipper Slashed Its Outlook
FedEx shares sank Friday as several analysts dropped their price targets for the shipping giant's stock after the company lowered its outlook.
FedEx shares sank Friday as several analysts dropped their price targets for the shipping giant's stock after the company lowered its outlook.
Renewed concerns about the possible effect of tariffs on the economy sent U.S. equities lower at midday.
"Geopolitical dynamics, new tariffs, volatile foreign exchange rates, tax regulations" and consumer confidence are all impacting Nike's outlook.
US stock futures traded flat as Wall Street digested mixed messages from the Federal Reserve in the wake of its decision to hold interest rates steady.
(Bloomberg) -- In a stock market battered by trade turmoil and growing fears of an economic slowdown, retail investors are doubling down, undeterred as their losses mount. Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Fundin
Maryland Delegate Adrian Boafo and New York Assemblyman Clyde Vanel have urged senior Democratic lawmakers to bring a federal regulatory framework for cryptocurrency.
Stocks have struggled to build on their Federal Reserve meeting-spawned rally as investor concerns over tariffs and the trajectory of Big Tech's growth remain in focus.
The company bought another 10 bitcoin, signaling confidence in crypto as a long-term asset strategy.
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